Banzai International (BNZI) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue was $2.7 million, down 20.2% year-over-year, with gross margin at 80.7% and gross profit of $2.2 million.

• Net loss for Q1 2026 was $8.4 million, compared to $3.6 million in Q1 2025, driven by higher operating expenses; adjusted EBITDA loss was $1.9 million.

• Customer base surpassed 150,000, including major enterprise clients across 90+ countries.

• Focus remains on AI-powered MarTech solutions, expanding enterprise relationships, and targeted acquisitions to drive growth.

• Liquidity remains a concern, with only $0.1 million in cash and a $20.6 million working capital deficit.

Financial highlights

• Revenue for Q1 2026 was $2.7 million, down 20.2% year-over-year; gross profit was $2.2 million and gross margin 80.7%.

• Operating expenses rose to $8.0 million, mainly due to increased people expenses and professional fees.

• Net loss per share was $(11.69) compared to $(30.37) in Q1 2025.

• Net cash used in operations was $5.5 million in Q1 2026.

• Adjusted EBITDA loss was $1.9 million, a 9.6% increase in loss year-over-year.

Outlook and guidance

• Management expects cost management actions to materially reduce operational costs annually.

• Pipeline indicators and an 11% revenue increase from February to March signal potential future growth.

• Focused on executing additional acquisitions, especially ConnectAndSell, to expand platform and revenue.

• Substantial doubt exists about the ability to continue as a going concern without additional financing.

• Anticipates ISO 27001 certification by end of Q2 2026 to unlock new customer segments.